[XMR] Monero Speculation - page 1893.

kazuki49

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Quote from: Siexpert on May 21, 2015, 04:09:36 AM

Quote from: KennyTheMartian on May 21, 2015, 02:32:53 AM

i smell a bear trap Grin

More than 100,000 Monero was dumped on the market last 2 days, yet the price is down only by 10%. The liquidity is very good (at least at the buy orders), just imagine dumping 100,000 BTC on the BTC/USD market, I think it it would bring the price under 100$.

I noticed that as well, and it was not the first time, I find the XMR support bullish in itself.

obit33

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Quote from: mrkavasaki on May 21, 2015, 05:50:40 AM

Quote from: KennyTheMartian on May 21, 2015, 02:32:53 AM

i smell a bear trap Grin

I smell bull trap

I smell bullshit Wink

mrkavasaki

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Quote from: KennyTheMartian on May 21, 2015, 02:32:53 AM

i smell a bear trap Grin

I smell bull trap

Febo

legendary

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Maybe Poloniex is getting prepared to get hacked. So they set verification level that made some to withdraw founds. This way they will have to repay less. Grin

lyth0s

legendary

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World Class Cryptonaire

Without attempting to disrespect anyone, keeping any significant amount of coins on an exchange has always been a bad idea. A major purpose of bitcoin/monero is that you are able to be your own bank and are free of the pitfalls from seizures, bail-ins, bankruptcies etc.

Add the cryptocurrency ideology on top of us living in the post Mt Gox world and you really have to ask yourself why you decided to keep any amount of wealth on an exchange that you didn't plan to immediately trade and then withdraw again.

"Fool me once, shame on you. Fool me twice, shame on me".

As far as lending any sizeable amount of Monero for shorting I'd advise against it. You're compounding the effects of another Mt. Gox possibility with the addition of a large and quick squeeze with the potential for not enough liquidity for you to get your monero back (I think this happened to huboi or some other chinese bitcoin exchange a while back).

Edit: Especially for an exchange that claims to be located in the US but is somehow slipped under the radar for KYC/AML for a very long time, sounds fishy right from the start.

Siexpert

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Quote from: KennyTheMartian on May 21, 2015, 02:32:53 AM

i smell a bear trap Grin

More than 100,000 Monero was dumped on the market last 2 days, yet the price is down only by 10%. The liquidity is very good (at least at the buy orders), just imagine dumping 100,000 BTC on the BTC/USD market, I think it it would bring the price under 100$.
I don't know how many bears are left there and how much Monero is available for loan to be used as shorts, especially after the current KYC regulation on Poloniex. Once a few shorts will be closed, it can trigger a liquidation wave + if others start to buy back, then 0.003 will be reached faster than you can log in to Poloniex to close your shorts Grin

If you were able to short above 0.004, then you are lucky, and you might wait and hope that the price can break under 0.0019. But to enter in a short position now, just because they were made avaliable these days on Polo is not a good risk/revard trade at all.

smooth

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Quote from: adhitthana on May 21, 2015, 03:36:06 AM

Quote from: TrueCryptonaire on May 21, 2015, 03:09:02 AM

Quote from: adhitthana on May 21, 2015, 03:08:01 AM

So where does Polo gets the coins, that it loans out, from? Are they our coins?

Some of them are my coins.

Can you get them back, anytime you want?

You specify the term when you offer the loan

opennux

full member

Activity: 231

Merit: 100

Quote from: americanpegasus on May 21, 2015, 03:04:41 AM

I showed this to a few friends the other day. Is it possible that we have discovered the native fractal pattern for Monero?

File this one under wild speculation, for sure. Wink

3200 xmr/btc? Cheesy

That'd be 70-80k usd/xmr at recent prices. Kiss

adhitthana

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Quote from: TrueCryptonaire on May 21, 2015, 03:09:02 AM

Quote from: adhitthana on May 21, 2015, 03:08:01 AM

So where does Polo gets the coins, that it loans out, from? Are they our coins?

Some of them are my coins.

Can you get them back, anytime you want?

aminorex

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Activity: 1596

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Sine secretum non libertas

Quote from: TrueCryptonaire on May 21, 2015, 03:09:02 AM

Some of them are my coins.

...for now.

aminorex

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Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: americanpegasus on May 21, 2015, 03:04:41 AM

Oh that is sweet. I'm lovin' it. Takes me back to some good times in BTC. Note to self: BTC is now old enough for nostalgia to form!

TrueCryptonaire

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Activity: 1092

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Quote from: adhitthana on May 21, 2015, 03:08:01 AM

So where does Polo gets the coins, that it loans out, from? Are they our coins?

Some of them are my coins.

adhitthana

legendary

Activity: 1190

Merit: 1000

So where does Polo gets the coins, that it loans out, from? Are they our coins?

americanpegasus

hero member

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Merit: 504

I showed this to a few friends the other day. Is it possible that we have discovered the native fractal pattern for Monero?

File this one under wild speculation, for sure. Wink

TrueCryptonaire

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Activity: 1092

Merit: 1000

Quote from: KennyTheMartian on May 21, 2015, 02:32:53 AM

i smell a bear trap Grin

I don't... Me and perhaps a handful others are pretty much the only bears here.
All the others are bagholding a bag that gets lighter and lighter.

I called you guys to sell when the price was 0.003 (and I sold also). Then it dropped and never has recovered from that drop.
I am still bearish and worried at the same time as there is almost 0 short selling. The long and short positions should be more or less equal so that the situation would be normal.

KennyTheMartian

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i smell a bear trap Grin

Johnny Mnemonic

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It's pretty big news for a major US exchange... yet no mention of it on coindesk Cheesy

I'm honestly surprised people continue to read that trash.

smooth

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Merit: 1198

Quote from: shmadz on May 21, 2015, 01:45:37 AM

Quote from: smooth on May 21, 2015, 01:32:28 AM

Quote from: shmadz on May 21, 2015, 01:24:09 AM

It's that potential withholding of funds pending identification I think is what smooth is rightfully upset about.

Not potential. As far as I can tell from the trollbox, the system literally won't let you withdraw, and that went into effect automatically as of midnight UTC, which was hours earlier than people expected for a US-based exchange (the original notice didn't specify a time zone).

Look I'm not saying they are evil incarnate, I don't think they are. But I think they screwed up multiple ways in handling the situation, haven't even so much as apologized, and deserve to be condemned for it.

I feared as much. I actually took a day off so I could figure out how to make some Monero wallets to withdraw to. I know, I've been around long enough to know better but until this little kick in the ass I was keeping all my eggs in the polo basket.

As devil's advocate, it's not really the coin's place to complain about where it's exchanged. (I realize you're not the boss of Monero or anything like that,) but the exchange can act as it will, and you are free to criticize their actions, but Monero moves on, uncaring.

For sure. The coin is not affected either way. It's only on topic for this thread because so much Monero trading occurs there.

shmadz

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@theshmadz

Quote from: smooth on May 21, 2015, 01:32:28 AM

Quote from: shmadz on May 21, 2015, 01:24:09 AM

It's that potential withholding of funds pending identification I think is what smooth is rightfully upset about.

Not potential. As far as I can tell from the trollbox, the system literally won't let you withdraw, and that went into effect automatically as of midnight UTC, which was hours earlier than people expected for a US-based exchange (the original notice didn't specify a time zone).

Look I'm not saying they are evil incarnate, I don't think they are. But I think they screwed up multiple ways in handling the situation, haven't even so much as apologized, and deserve to be condemned for it.

I feared as much. I actually took a day off so I could figure out how to make some Monero wallets to withdraw to. I know, I've been around long enough to know better but until this little kick in the ass I was keeping all my eggs in the polo basket.

As devil's advocate, it's not really the coin's place to complain about where it's exchanged. (I realize you're not the boss of Monero or anything like that,) but the exchange can act as it will, and you are free to criticize their actions, but Monero moves on, uncaring.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: shmadz on May 21, 2015, 01:24:09 AM

It's that potential withholding of funds pending identification I think is what smooth is rightfully upset about.

Not potential. As far as I can tell from the trollbox, the system literally won't let you withdraw, and that went into effect automatically as of midnight UTC, which was hours earlier than people expected for a US-based exchange (the original notice didn't specify a time zone).

Look I'm not saying they are evil incarnate, I don't think they are. But I think they screwed up multiple ways in handling the situation, haven't even so much as apologized, and deserve to be condemned for it.

Topic: [XMR] Monero Speculation - page 1893. (Read 3314330 times)